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Sanyei fiscal Q3 profit climbs YOY

Sanyei Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥133.65 per share, an increase from ¥48.26 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥323.4 million, an increase from ¥116.3 million in the prior-year period.

The normalized profit margin rose to 2.7% from 1.1% in the year-earlier period.

Total revenue increased 13.2% on an annual basis to ¥12.17 billion from ¥10.75 billion, and total operating expenses grew 10.7% on an annual basis to ¥11.73 billion from ¥10.60 billion.

Reported net income increased from the prior-year period to ¥403.6 million, or ¥166.83 per share, from ¥14.1 million, or ¥5.84 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.